Restaurant India News: Petpooja Raises Rs 137 Crore to Boost AI and Product Expansion in Restaurant Tech

Restaurant point of sale (POS) and management software provider Petpooja has raised Rs 137 crore (USD 15.5 million) in its Series C funding round led by Dharana Capital, with participation from Ashish Gupta, co-founder of Helion Ventures, and Abhiraj Singh Bhal and Varun Khaitan, co-founders of Urban Company. The latest funding round comes after a gap of four years for the Ahmedabad-based company and marks a significant step in its growth trajectory.

The company stated that the funds will be directed towards expanding its product portfolio, accelerating AI-driven automation, and strengthening customer support. According to regulatory filings with the Registrar of Companies, Dharana Capital invested Rs 82 crore, while Ashish Gupta contributed Rs 1 crore. The allotment for the remaining amount is yet to be completed.

The funding values Petpooja at approximately Rs 910 crore (USD 103 million), representing a 3.5 times increase compared to its previous round. The post-money valuation is expected to change once the remaining funds are disbursed.

Founded in 2011 as a B2B food delivery business, Petpooja later pivoted to a SaaS model, offering cloud-based billing and management solutions for small and medium-sized food service businesses. Today, the platform serves more than 1,00,000 clients across India, the UAE, and South Africa. It also manages around 25 percent of online order volumes on Zomato and Swiggy, highlighting its deep integration with the food delivery ecosystem.

The latest round brings the company’s total funding to about Rs 185 crore. This includes a USD 4.5 million Series B round led by Aroa Ventures in 2021. Following the Series C investment, Dharana Capital will hold an 18.62 percent stake in the company on a fully diluted basis.

Petpooja’s FY25 financials are yet to be filed, but the company recorded a 43 percent increase in revenue to Rs 76 crore in FY24. During the same period, its losses narrowed to Rs 13.4 crore, indicating improved financial performance as it scales its SaaS offerings in the hospitality technology space. This funding round positions Petpooja to further deepen its presence in the restaurant technology segment, where automation, integrated billing, and advanced customer management tools are becoming critical for operational efficiency across the industry.